Minimum Yield Rate definition
Minimum Yield Rate means, for any Settlement Date, a rate per annum equal to the sum of (i) the Weighted Average Cost of Funds for such Settlement Date, (ii) the Weighted Average Servicing Fee Percentage for such Settlement Date and (iii) 0.25%.
Minimum Yield Rate means, for any Distribution Date, the amount determined in accordance with the following formula (rounded to the nearest 0.001%): Servicing Fee + Back-Up Servicing Fee + A2 Coupon * greater of (nil, and (1 - actual ending OC Pct - actual ending B Pct * B Multiplier)) + B Coupon * lesser of (1 – actual ending OC Pct, and actual ending B Pct * B Multiplier) where:
Examples of Minimum Yield Rate in a sentence
The Minimum Yield Rate and Actual Yield Rate shall be reconciled on an annual basis using data from commercial batch production and shall factor in losses of Avadel Material during the production of the Product but shall not factor in damages or losses to Avadel Material not in the production of the Product (e.g., damage, theft, etc.).
RPC shall use commercially reasonable efforts to achieve an Actual Yield Rate that is higher than the Minimum Yield Rate in connection with all Avadel Material Processed during each Contract Year.